24 Jul 2014 08:01
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES, CANADA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR AUSTRALIA, OR THEIR RESPECTIVE TERRITORIES OR POSSESSIONS
24 July 2014
DJI Holdings plc
First day of dealings
DJI Holdings plc (AIM:DJI, "DJI", the "Group"), a licensed and authorised distributor and promoter of regulated lottery products in the rapidly expanding Chinese lottery market, announces the commencement of dealings in its Ordinary Shares on AIM today under the ticker code AIM: DJI and the ISIN number GB00BNBNSF91.
DJI has raised £9.0m through a placing of new ordinary shares ("Ordinary Shares") and a further £6.0m through an issuance of convertible loan notes.
The principal activities of the Group are the development, promotion and distribution of authorised lottery products in China. DJI's subsidiaries are licensed and/or contractually authorised to distribute and promote Sports and Welfare lottery products online, via mobile and through physical retail outlets across China.
The Group's strategy is to capitalise on the opportunity to deliver lottery ticket fulfilment sales to its substantial client base of large Chinese corporations (B2B) and individual consumers via the Group's owned and operated websites (B2C) within the online and mobile environment.
Canaccord Genuity Limited is acting as sole bookrunner and Nominated Adviser to the Company and North Square Blue Oak Limited has acted as Lead Manager to the Company.
Darren Mercer, Group Chief Executive, commented:
"Our admission to AIM is an important step for us as we build on our established reputation in the Chinese lottery industry and seek out new opportunities in the future.
"Our business has seen considerable growth in recent months, particularly online and mobile. Our June gross sales of in excess of £80m, driven by the positive impact of the 2014 Football World Cup, reflect a turning point for our business as we demonstrate to our stakeholders that we are well-positioned to make good returns."
Enquiries:
DJI Holdings plc | +44 (0) 1565 872990 |
Darren Mercer, Group Chief Executive Rodney Davis, Chief Financial Officer | |
Instinctif Partners | +44 (0) 20 7457 2020 |
Adrian Duffield/Kathy Gordon | |
Canaccord Genuity Limited | +44 (0) 20 7523 8000 |
Simon Bridges | |
Tim Redfern (ECM) | |
North Square Blue Oak Limited Laurie Pinto Richard Abrahams | +44 (0) 20 7024 4601 |